Xtep International (OTCMKTS:XTEPY) Shares Gap Up – Should You Buy?

Xtep International Holdings Ltd. (OTCMKTS:XTEPY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $47.00, but opened at $49.18. Xtep International shares last traded at $49.18, with a volume of 20 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Xtep International to a “hold” rating in a research note on Wednesday, June 10th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Xtep International has a consensus rating of “Hold”.

Xtep International Price Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.02 and a current ratio of 2.37. The business’s 50 day simple moving average is $51.94 and its 200 day simple moving average is $59.65.

About Xtep International

Xtep International Holdings Limited engages in the design, development, manufacture, sale, and marketing and brand management of sports footwear, apparel, and accessories. The company sells its products primarily under the XTEP brand, as well as Palladium, K-Swiss, Saucony, and Merrell brand names. It is also involved in the trading of sportswear products. As of March 18, 2021, the company managed an extensive distribution network with exclusive distributors that operated approximately 6,000 stores covering 31 provinces, autonomous regions, and municipalities in the People's Republic of China and internationally.